Pt Chandra Asri Pacific Tbk · IDX:TPIA

Pt Chandra Asri Pacific Tbk — PT Chandra Asri Petrochemical — Investor Presentation (September 2016)

28 slides from Pt Chandra Asri Pacific Tbk's investor presentation, September 2016

  1. Slide 1: Management Presentation

    Management Presentation PT Chandra Asri Petrochemical Tbk [TPIA.JK] Jakarta, September 2016

  2. Slide 2: Agenda

    1. Company Profile 2. Operational & Financial Performance 3. Project Updates 4. Industry Outlook 2

  3. Slide 3: Company Profile ("CAP")

    1. Company Profile 3. Project Updates 2. Operational & Financial Performance 4. Industry Outlook Company Profile (“CAP”)  The largest integrated producer of Olefins and Polyolefins in Indonesia.  Producing plastic raw materials and chemicals used in a variety of everyday consumer products (packagi

  4. Slide 4: Years track record of successful growth

    1. Company Profile 3. Project Updates 2. Operational & Financial Performance 4. Industry Outlook 23 years track record of successful growth 2004 2010 2011 2012  Product expansion through  Issued  Merger of CAP and TPI effective  Refinanced bond with selling of Mixed C4 inaugural 5- from 1 Jan 20

  5. Slide 5: Strong management team with extensive industry experience

    1. Company Profile 3. Project Updates 2. Operational & Financial Performance 4. Industry Outlook Strong management team with extensive industry experience Board of Commissioners Agus Salim Loeki Cholanat Djoko Suyanto Tan Ek Kia Ho Hon Cheong Chaovalit Ekabut(1) Pangestu Sundjaja Putera Yanaranop(1)

  6. Slide 6: Integrated Business Operations

    1. Company Profile 3. Project Updates 2. Operational & Financial Performance 4. Industry Outlook Integrated Business Operations “Integrated business operations from upstream to downstream resulting in higher efficiency, lower costs, and value- added”. Crude Oil Oil & Gas Refinery Diesel Kerosene Gas

  7. Slide 7: Integrated Business Operations (cont'd)

    1. Company Profile 3. Project Updates 2. Operational & Financial Performance 4. Industry Outlook Integrated Business Operations (cont’d) Key Products Plant Main Process Key Markets Polyethylene LLDPE(1) Ethylene 330  Domestic  Licensed by KTPA Univation HDPE(2)  Exporr 860 KTPA  336 KTPA 430 KTP

  8. Slide 8: Strategic Location

    1. Company Profile 3. Project Updates 2. Operational & Financial Performance 4. Industry Outlook Strategic Location “Adjacent and interlinked with customer’s facilities (45 km Ethylene pipeline)”. CAP’s Petrochemical Complexes Rhone Poulenc SBL Sulfindo Adi. Sulfindo Adiusaha Santa Fe EDC, VCM NAOH,

  9. Slide 9: Loyal & Broad Customer Base

    1. Company Profile 3. Project Updates 2. Operational & Financial Performance 4. Industry Outlook Loyal & Broad Customer Base  Diversified clientele. Top 10 Customers Top 10 Customer’s Sales Breakdown contribute 46% of revenues in 1H-2016. Total Net Revenues 1H-2016: US$882.1 million  Key Customers

  10. Slide 10: 2. Operational & Financial Performance

    1. Company Profile 2. Operational & Financial Performance 3. Project Updates 4. Industry Outlook 10

  11. Slide 11: Plant Utilization Rate (%)

    1. Company Profile 3. Project Updates 2. Operational & Financial Performance 4. Industry Outlook Plan Utilization Rate (%) Ethylene Polyethylene, Polypropylene, Styrene Monomer, Butadiene Polyethylene Polypropylene Styrene Monomer Butadiene 99 99 94 94 95 95 93 92 91 93 88 79 79 80 80 76 74 69 57 47

  12. Slide 12: Volume and Price by products: Olefins

    1. Company Profile 3. Project Updates 2. Operational & Financial Performance 4. Industry Outlook Volume and Price by products Olefins Ethylene Propylene Volume (KT) Volume (KT) 198 185 337 110 111 99 208 161 107 50 29 52 48 13 31 18 2Q-15 2Q-16 YTD Jun-15 YTD Jun-16 2Q-15 2Q-16 YTD Jun-15 YTD Jun-16

  13. Slide 13: Volume and Price by products: Polyolefins

    1. Company Profile 3. Project Updates 2. Operational & Financial Performance 4. Industry Outlook Volume and Price by products Polyolefins Polyethylene Polypropylene Volume (KT) Volume (KT) 151 144 228 237 222 225 130 139 77 76 110 113 117 116 56 65 2Q-15 2Q-16 YTD Jun-15 YTD Jun-16 2Q-15 2Q-16 YTD J

  14. Slide 14: Volume and Price by products: Styrene Monomer and Butadiene

    1. Company Profile 3. Project Updates 2. Operational & Financial Performance 4. Industry Outlook Volume and Price by products Styrene Monomer and Butadiene Styrene Monomer(1) Butadiene Volume (KT) Volume (KT) 44 43 120 113 136 128 30 28 68 64 76 66 25 26 14 15 2Q-15 2Q-16 YTD Jun-15 YTD Jun-16 2Q-15

  15. Slide 15: Financial Highlights: Profit or Loss 1H-2016

    1. Company Profile 3. Project Updates 2. Operational & Financial Performance 4. Industry Outlook Financial Highlights: Profit or Loss 1H-2016 2Q-15 1Q-16 2Q-16 2Q-16 1H-15 1H-16 (US$ mn) (US$ mn) (US$ mn) YoY QoQ (US$ mn) (US$ mn) YoY Net Revenues 442 359 523 18% 46% 799 882 10% Cost of Revenues 370

  16. Slide 16: Financial Highlights: continued

    1. Company Profile 3. Project Updates 2. Operational & Financial Performance 4. Industry Outlook Financial Highlights: continued Net Revenues EBITDA Ebitda margin 15% 30% 12% 25% 10% 140% 93 CF from Operations Capex 16

  17. Slide 17: Debt, Liquidity and Covenants

    1. Company Profile 3. Project Updates 2. Operational & Financial Performance 4. Industry Outlook Debt, Liquidity and Covenants Cash & Equivalents (US$m) Total Debt (US$m) Debt Net Debt Int. Service Coverage (x) Debt to Total Capital (%) Max 50% Min 1.75x 17

  18. Slide 18: Diverse Product Portfolio

    1. Company Profile 3. Project Updates 2. Operational & Financial Performance 4. Industry Outlook Diverse Product Portfolio Net Revenues 1H-2016: US$882.1 million (100%) 49% 28% 15% 7% Polyolefins Olefins Styrene Monomer Butadiene Net Revenues Net Revenues Net Revenues Net Revenues US$432 million US$

  19. Slide 19: 3. Project Updates

    1. Company Profile 2. Operational & Financial Performance 3. Project Updates 4. Industry Outlook 19

  20. Slide 20: Cracker Expansion Project

    1. Company Profile 3. Project Updates 2. Operational & Financial Performance 4. Industry Outlook Cracker Expansion Project  Achieved Mechanical Completion on 9 December 2015. "With Cracker capacity  TAM/Expansion tie-in works successfully completed on equivalent to world-class schedule. Cracker re

  21. Slide 21: Cracker Expansion Project

    1. Company Profile 3. Project Updates 2. Operational & Financial Performance 4. Industry Outlook Cracker Expansion Project 21

  22. Slide 22: SBR plant project

    1. Company Profile 3. Project Updates 2. Operational & Financial Performance 4. Industry Outlook SBR plant project  EPC contract awarded to Toyo Engineering & IKPT in June 2015.  CAP has fully injected total equity of US$54m.  Overall progress 32% as of June 2016.  Drainage work & temporary site

  23. Slide 23: Polyethylene plant expansion

    1. Company Profile 3. Project Updates 2. Operational & Financial Performance 4. Industry Outlook Polyethylene plant expansion  Licence: UNIPOL Polyethylene Process from Univation "Following the completion of its Technologies, LLC. Cracker expansion and in line with its  Capacity: new facility of t

  24. Slide 24: 4. Industry Outlook

    1. Company Profile 2. Operational & Financial Performance 3. Project Updates 4. Industry Outlook 24

  25. Slide 25: Industry Outlook

    1. Company Profile 3. Project Updates 2. Operational & Financial Performance 4. Industry Outlook Industry Outlook “Demand fundamental remain good for petrochemical industry over the next few years, new capacity additions post 2015 resulting in modest decline in average margins following period of su

  26. Slide 26: Industry Outlook (Cont'd)

    1. Company Profile 3. Project Updates 2. Operational & Financial Performance 4. Industry Outlook Industry Outlook (Cont’d) SEA Butadiene price spreads over Net Raw Material Cost SEA SM price spreads over Net Raw Material Cost 2500 100% 600 100% Gap over net raw material cost (Dollars per ton) 500 Ga

  27. Slide 27: CAP is a market leader in Indonesia

    1. Company Profile 3. Project Updates 2. Operational & Financial Performance 4. Industry Outlook “CAP is a market leader in Indonesia across all of its products and a leading player in the region”. 1 Largest Petrochemical company in Indonesia(1) Polyolefin Top 10 South East Asia Producers Ethylene (

  28. Slide 28: Thank You

    Thank You Address: Contact: PT Chandra Asri Petrochemical Tbk Investor Relations Wisma Barito Pacific Tower A, Lt. 7 Email: investor-relations@capcx.com Jl. Let. Jend. S. Parman Kav. 62-63 Tel: +62 21 530 7950 Jakarta 11410 Fax: +62 21 530 8930 Visit our website at www.chandra-asri.com Disclaimer: I

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